ESTIMATING THE OPPORTUNITY COST OF RECREATION TIME IN AN INTEGRABLE 2-CONSTRAINT COUNT DEMAND MODEL
Larson, Douglas M.; Lew, Daniel K.; Shaikh, Sabina L.
2002

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Abstract

How researchers treat the opportunity cost of time substantially influences recreation demand parameter and welfare estimates. This paper presents a utility-theoretic and implementable approach, estimating the shadow value of time jointly with recreation demands for coastal activities, using a generalization of the semilog demand system in a two-constraint model.

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Title ESTIMATING THE OPPORTUNITY COST OF RECREATION TIME IN AN INTEGRABLE 2-CONSTRAINT COUNT DEMAND MODEL
Author(s) Larson, Douglas M.
Lew, Daniel K.
Shaikh, Sabina L.
Subject(s)
Issue Date 2002
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.19600
Record Identifier https://ageconsearch.umn.edu/record/19600
PURL Identifier http://purl.umn.edu/19600
Language English
Total Pages 30
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2002 Annual meeting, July 28-31, Long Beach, CA

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